Dr. Schwartz Reports to Israel Cabinet on Bond Success in U.S.

Dr. Joseph J. Schwartz, executive vice president of the Israel Bond Organization, reported to the Israel Cabinet today that Israel bond sales in the United States, Canada, Europe and South Africa had surpassed $25,000,000 in the first six months of 1956 and that the prospects for the remainder of the year were very good. He said that bond sales were 50 percent higher this year than last.

Dr. Schwartz, who attended the Cabinet session on the eve of his departure for Paris, en route to the U.S., called on the Israel Government to aid the bond campaign by telling the American public “the whole truth.” They will respond more readily on the basis of “frank and full information,” he asserted.

Dr. Schwartz interpreted the increased bond sales as a vote of confidence in Israel by American Jewry. “One does not invest in a country beset by the dangers of war without feeling confidence in its ultimate success,” he said. He noted that the bond sales response was equally great in large, medium and small sized Jewish communities across America.